Scottish Widows Axing Investment Fund Managers

"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its £54 billion equities business."

Its a pretty strange time in asset management industry at the moment, because blue chips, mining, raw materials stocks are all performing well so there isn't a whole lot of scope for value picking 'star' fund managers. Lots of people will be happy to just use a low cost ETF/Tracker and ride out the index.

However computers don't always get it right (after all they are all programmed by people.....and in this case probably people taking advice from former SWIP portfolio managers) so there is still place for decent fund managers.

"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its £54 billion equities business."

"It comes after the house decided to use quantitative investment strategies, where computer programmes are used to determine investments, for many of the portfolios in its £54 billion equities business."

Well computers don't need bonuses

Between commissions and bonuses, computers could make a few percent less profit and still work out better off than humans.

It's time to pay the piper. There is no magician who will magic away the debt. Someone is going to have to pay it. Bend over and prepare to make payment.

In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.

My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.